- Nvidia and Microsoft are leading the tech sector to new heights, with both companies hitting 52-week highs. Honeywell could benefit from AI integration to improve operational efficiency.
- American Express cardholders continue to spend, with the company thriving under current economic conditions. The Dow Jones Industrial Average has modernized, adding tech giants like Nvidia and Microsoft.
- Nvidia’s stock price has surged past $4 trillion in market cap, driven by AI spending and strong earnings growth. Microsoft is also near a $4 trillion market cap, with revenue growth and margin expansion boosting earnings.
- Honeywell is breaking out to an all-time high by splitting into three new companies and leveraging AI in the industrial sector. American Express is up 83% in the past two years, catering to affluent clients with high annual fees.
- Investors are considering whether to invest in Nvidia, which has seen significant growth but may face challenges in the future. Microsoft, on the other hand, remains a solid long-term buy-and-hold candidate with strong fundamentals.
Read more at Nasdaq: 4 Dow Jones Stocks Near 52-Week Highs That Are Still Worth Buying in July